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View all search resultsstate-owned-banks
Politics 1 year ago
PREMIUM
Distrust in Danantara sparks online calls to switch banks
Growing public distrust of the newly formed sovereign wealth fund, Daya Anagata Nusantara (Danantara), has sparked online discussions on switching banks and cash withdrawals, leading analysts to debate the actual risks of a potential bank run or the ensuing economic crisis.
Business 5 years ago
PREMIUM
BCA records net profit dip in 2020 amid higher provisioning, pandemic impact
Bank Central Asia (BCA), Indonesia’s largest privately owned bank, has seen its net profit dip for the first time in at least 16 years as the COVID-19 pandemic affected loan demand and credit repayments.
Business 5 years ago
PREMIUM
State initiated Bank Syariah Indonesia to tap into global sukuk market
After the merger is concluded, Bank Syariah Indonesia is expected to hold Rp 214.6 trillion (US$15.24 billion) in assets with a core capital of Rp 20.4 trillion and the bank could become one of the world’s biggest sharia banks by market capitalization by 2025.
Business 5 years ago
Jokowi aims to awaken ‘sleeping giant’ by merging state-owned sharia banks
President Jokowi said he aimed to realize the full potential of Indoensia's sharia financial industry by merging state-owned sharia banks, likening the industry to a “sleeping giant” that could boost economic activity.
